What type of economy do we live in? How does it affect our way of life, what we own, where we work, how we obtain resources, and how goods and services are produced? This resource will help your students understand the different types of economies and how each plays a role in cultures around the world. Understanding economic systems — Traditional economy, market economy, command economy, and mixed economy — can influence the way we live, work, and obtain resources. Working in groups, stude